UK FSA Hits Card Protection Plan With Record $16.6M Fine
By Juan-Carlos Rodriguez ( November 15, 2012, 5:27 PM EST) -- The U.K. Financial Services Authority said Thursday it has fined Card Protection Plan Ltd. a record £10.5 million ($16.6 million) for selling insurance products consumers didn't need and overstating risks consumers might face if they didn't buy the products....
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